Armenia Credit Ratings & Outlooks

Paese
Moody's
S&P
Fitch
DBRS
Scope Ratings
Armenia
Ba3
Stable
BB-
Stable
BB-
Positive
NR
NR

Storico del rating sul credito

Paese
Date of Change
Agenzie di rating
Rating precedente
Outlook precedente
Rating attuale
Current Outlook
Armenia
gen 16, 2026FitchB+PositiveBB-Positive
Armenia
ago 25, 2023S&PB+PositiveBB-Stable
Armenia
giu 22, 2023Moody'sBa3StableBa3Stable
Armenia
feb 10, 2023FitchB+StableB+Positive
Armenia
ott 12, 2021S&PNRB+Positive
Armenia
ott 05, 2020FitchBB-NegativeB+Stable
Armenia
apr 03, 2020FitchBB-StableBB-Negative
Armenia
nov 22, 2019FitchB+PositiveBB-Stable
Armenia
ago 27, 2019Moody'sB1PositiveBa3Stable
Armenia
mar 09, 2018Moody'sB1StableB1Positive
Armenia
dic 15, 2017FitchB+StableB+Positive
Armenia
mar 18, 2016Moody'sBa3NegativeB1Stable
Armenia
gen 30, 2015FitchBB-StableB+Stable
Armenia
gen 15, 2015Moody'sBa2StableBa3Negative
Armenia
ago 20, 2013Moody'sBa2NegativeBa2Stable
Armenia
nov 21, 2011FitchBB-StableBB-Stable
Armenia
ago 13, 2009FitchBBStableBB-Stable
Armenia
ago 14, 2008Moody'sBa2StableBa2Negative
Armenia
lug 03, 2008FitchBB-PositiveBBStable
Armenia
mag 01, 2007FitchBB-StableBB-Positive

Legenda della tabella

VotoMoody'sS&PFitchDBRSScope Ratings
Ottimo
Aaa
AAA
AAA
AAA
AAA
Voto elevato
Aa1
AA+
AA+
AA (high)
AA+
Aa2
AA
AA
AA
AA
Aa3
AA-
AA-
AA (low)
AA-
Voto medio alto
A1
A+
A+
A (high)
A+
A2
A
A
A
A
A3
A-
A-
A (low)
A-
Voto medio-basso
Baa1
BBB+
BBB+
BBB (high)
BBB+
Baa2
BBB
BBB
BBB
BBB
Baa3
BBB-
BBB-
BBB (low)
BBB-
Speculativo non adatto come investimento
Ba1
BB+
BB+
BB (high)
BB+
Ba2
BB
BB
BB
BB
Ba3
BB-
BB-
BB (low)
BB-
Highly Speculative Grade
B1
B+
B+
B (high)
B+
B2
B
B
B
B
B3
B-
B-
B (low)
B-
Substantial Risk Grade
Caa1
CCC+
CCC+
CCC
Caa2
CCC
CCC
CCC
CCC
Caa3
CCC-
CCC-
CCC
Extremely Speculative Grade
Ca
CC
CC
CCC
CC
C
CCC
C
In default con scarse prospettive di ripresa
CD
RD
RD
In default
SD
SD
C
D
D
D
D
DD
DD
DDD
DDD
Non classificato.
NR
NR
NR
NR
NR
FAQ
Armenia’s sovereign credit rating reflects its government’s ability and willingness to meet debt obligations. It is assigned by major agencies such as S&P, Moody’s, Fitch, DBRS, and Scope, and represents how international markets view Armenia’s credit risk.
This page lists the latest rating and outlook actions for Armenia, showing when each agency last reviewed or changed its assessment.
Ratings directly affect borrowing costs, investor confidence, and market access. Changes can influence Armenia's bond yields, currency, and equity flows as investors reassess risk.
You can explore how Armenia ranks globally using our Credit Ratings Hub, which displays all countries’ ratings from S&P, Moody’s, Fitch, DBRS, and Scope.
They indicate the expected direction of a rating. Positive signals a possible upgrade, Stable means no change is likely, and Negative points to potential downgrade risk
Investment grade (BBB−/Baa3 or higher) means relatively low risk and steady market access. A speculative grade (BB+/Ba1 or lower) signals higher risk and volatility, but can attract yield-seeking investors.
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